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Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

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Page 1: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Quincy - The Problem

Densely developedYear after year claims to the national

flood insurance program 5 Million from 1978 - 2007

Page 2: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Quincy - The Solution

2003-2007: ~$1 million (federal) & 46 properties

FEMA Grants + Homeowner Money

Page 3: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Base Flood Elevation (BFE)FREEBOARD

(the minimum height required for compliance with the National Flood Insurance Program)

freeboard

Page 4: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Base Flood Elevation (BFE)FREEBOARD

(the minimum height required for compliance with the National Flood Insurance Program)

freeboard

Page 5: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

freeboard?

$

Page 6: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

~$1,000 per foot of freeboard

(+~$18/month)

Page 7: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

WITHOUT FREEBOARD WITH 3’ FREEBOARD

Annual flood insurance: $5499 Annual flood insurance: $2084

( - $284/month)

Page 8: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

Homeowner savings

  V Zone A Zone

 Annual savings in NFIP premiums

Savings over 30-year mortgage

Annual savings in NFIP premiums

Savings over 30-year mortgage

1' freeboard $1,360 (25%) $40,800 $502 (41%) $15,060

2' freeboard $2,730 (50%) $81,900 $678 (55%) $20,340

3' freeboard $3,415 (62%) $102,450 $743 (60%) $22,290

Page 9: Quincy - The Problem Densely developed Year after year claims to the national flood insurance program 5 Million from 1978 - 2007

For More Information

• City officials from Quincy– Sean Glennon at (617) 376-1167 or

[email protected]

• FEMA and MEMA officers– Richard Zingarelli at (617) 626-1406 or

[email protected], – Scott MacLeod at (508) 820-1445 or

[email protected]